Photo by CC user MCAD Library on Flickr.

If you don’t currently have a life insurance policy, what in the world are you waiting for?

Given there are likely thousands and thousands of Canadians running around without life insurance, it should not come as a shock that they’re playing Russian roulette in many cases.

In the event you are someone without life insurance, is there a particular reason for such a situation?

Some individuals go without it for fears that the overall costs will be too high. Others, meantime, figure it is much lower down the list of important responsibilities such as rent, health insurance and the like. Still others don’t really have a good grasp of why they may very well need life insurance.

In the end, it all adds up to putting the individual (not to mention his or her immediate family) in peril should something catastrophic happen to them.

So, are you prepared to not let life insurance fall by the wayside?

Shopping Around for a Sound Buy

So that you are able to get the life insurance policy best suited for not only you, but also to assist your family if you are seriously injured or even die, here are a few tips:

1. Quotes – As you look for the best instant life insurance quotes, keep in mind that everyone’s situation is different. That being the case, getting a plan that is right for your situation is always the top priority. For instance, if you are a single mom with no father of your children in the picture whatsoever, have you taken the time to make sure you’re properly insured? In the event you are not, a major injury or even death could leave your child or children in major financial turmoil. Given how devastating the emotional and physical effects are of losing a parent, would you also want your kid or kids facing life without the proper coverage? Quotes are rather easy to come by, so don’t wait until it is too late. Working with a life insurance agent over the phone or computer is much easier than you might think.
2. Reality – You may be a young mom or even a little bit older one. Either way, many moms think they are impervious to a catastrophe entering their lives. As it turns out, that is sadly not the case. Whether it is a serious car accident, a major cancer diagnosis, being severely injured on the job, many pitfalls can take place on a daily basis. Don’t be the mom thinking that you can go on without life insurance, especially in cases where you are the sole breadwinner and supporter for your children. By making sure you are covered today, you and your children can sleep better tomorrow, the next day and the day after that etc.
3. Lifestyle – Lastly, being accountable for your lifestyle plays a big role in what kind of life insurance policy will best suit your needs. Remember, even the healthiest of moms get sick at times, suffer injuries from car accidents or workplace mishaps etc. To think that you’re immune to such incidents is to not be clearly thinking. When you have a child or more than one involved in your daily life, thinking about how they would get along without you needs to be a priority, grim as it may be.

Knowing Your Situation Moving Forward

Although there are many great ways to save money around the house, skimping on life insurance should not be one of them.

Assess your situation heading into 2017 when it comes to what the needs of you and your children are.

If you are married and have access to a life insurance policy started by your spouse that is a good start. That said don’t solely rely on that policy covering you and your children should something happen to your partner.

By having your own life insurance coverage, you and your loved ones stand a much better chance of making a go of it should a catastrophe strike your family.

Of all the important things in your life, don’t let life insurance fall by the wayside.